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Finance & Accounting>Finance & Accounting

How HMRC deals with tax debts

During the covid pandemic HMRC suspended many of their debt collecting activities. However, as the UK emerges and economic activity resumes, HMRC has restarted their

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Finance & Accounting>Finance & Accounting

Dividend ‘traps’

A shareholder/ director is permitted to withdraw monies from the company’s bank account as salary, bonus or dividend (or possibly a loan’). However, there are

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Finance & Accounting>Finance & Accounting

Holiday lets – tax implications.

The taxation of profit from furnished holiday lets (FHL) could be termed a ‘hybrid’ of taxes. The operation of a FHL is deemed to be

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Finance & Accounting>Finance & Accounting

‘Dynamic’ PAYE Tax Coding

Under the PAYE ‘Real Time Information’ scheme employers report to HMRC electronicallybefore making any salary or wage payments. To ensure that the right amount of

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